Boeing secures delayed Turkish Airlines order, sources say

• The dispute centered on Turkish Airlines' request for an industrial deal on engine maintenance, which had held up the order
• The deal involves 150 Boeing 737 MAX aircraft as part of a broader 225-jet package announced after high-level diplomatic meetings
• Engine maker CFM, co-owned by GE Aerospace and France's Safran, is involved in the negotiations alongside Boeing

Summary: Boeing Secures Delayed Turkish Airlines Order

Boeing is nearing finalization of a significant order for 150 Boeing 737 MAX aircraft from Turkish Airlines after the carrier threatened to abandon the deal. The agreement is part of a larger 225-jet package originally announced following a meeting between Turkish President Tayyip Erdogan and U.S. President Donald Trump one year ago.

Key Issues and Resolution:

The deal had been stalled due to disputes over Turkish Airlines' request for an industrial arrangement concerning engine maintenance. According to four sources familiar with the matter, the order is now back on track, with three sources indicating a potential signing as early as next week.

Companies Involved:

• Boeing (aircraft manufacturer)
• Turkish Airlines (buyer)
• CFM International (engine supplier, co-owned by GE Aerospace and France's Safran)

Market Implications:

This resolution represents a crucial win for Boeing, particularly for its 737 MAX program, which has faced scrutiny in recent years. The 150-aircraft order is a substantial commitment that will bolster Boeing's order book and production pipeline. The deal also underscores the strategic importance of U.S.-Turkey commercial relations, given the involvement of both nations' leadership in the original announcement.

The successful conclusion of negotiations after a contentious dispute over engine maintenance terms suggests flexibility from all parties involved and highlights the complex nature of large commercial aircraft deals, which often include ancillary industrial agreements beyond the aircraft purchase itself.

Neither Boeing, CFM, nor Turkish Airlines provided official comments on the matter as of the September 15 report date.